December marks the third straight month of positive home sales growth nationwide.
According to the National Association of Realtors, nationwide home sales for the year are up nearly 2%, while December alone saw a 5% bump over November. December 2011 also had a 3.6% increase over December 2010. Current mortgage rates,home prices, and a growing job market have finally tempted potential buyers into taking action before the opportunity is missed.
Other signs of the improving market are inventory and homebuilder traffic. Builders have reported more customer traffic and project contracts in the last few months. Available inventory is quickly shrinking as well, down to 2005 levels, which drives up demand and pricing for many communities.
Needless to say, realtors and builders are very excited over the outlook for the 2012 real estate market.
For more information on the new homes for sale at Ross Bridge, contact our friendly sales team today.